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Writing and Storage of Wills
What you Need to Know
Dying with a will in place has many benefits both for the deceased and the loved ones they leave behind. It makes it easier for the remaining family members to easily and amicably sort out issues such as inheritance of your properties and guardianship of your children, ensures that your wishes are fulfilled and reduces your inheritance tax among other benefits. Equally important as the preparation of the will is its storage. As one of the most important documents you can ever write in your life making sure that the will and its copies are safely stored is of utmost importance. Here is a look at some of the options available for will storage.
Solicitors
If you had a solicitor write the will for you they will give you its copy and retain the original. Usually, they do the storage for free. However, if you wrote the will yourself or had some other person write it for you and took it to the solicitors for storage, they will charge you a small fee for the storage. The main advantage of leaving your will with a solicitor is that they are regulated. Therefore, in case the will gets damaged or is lost you have legal protection.
Writing service
You can also store your will with a will writing service. They usually charge significantly less than solicitors. However, if something goes wrong such as the writing service goes out of business or the will gets lost or damaged, you get less legal protection compared to when your will is stored with a solicitor.
Probate Services
Like solicitors and will writing services, a Probate Service can also store your will for you if you are a resident of England or Wales. They usually charge a flat fee of £20. However, you need to make an official request to them before you are allowed to take it. This means that you can only take it when you are alive. Even a solicitor cannot get it for you.
There are many options of will storage, each with its pros and cons. It is upon you to decide which storage option best suits you. Regardless of the option you take, it is important that no other documents are attached to the will with paperclips or staples. Just a practical note – The marks left by such attachments may raise suspicions on issues such as unauthorized amendments or missing parts that may give your executor a tough time!.
Great Job
Direct Wills are purely professionals, they are well aware about all the legalities involved and the best part is that they rates are very reasonable. Also, they never complained about anything, if there was any problem then, they always seem to have a solution.
– Mac
Do you own a Property?
Read here to find out more about why you should have a will
